What's Happening?
Superian Insurance Group has announced the launch of Scious Underwriting, a new 'hyper speciality' Managing General Agent (MGA) backed by Lloyd's capacity. The firm will focus on healthcare and medical malpractice risks, aiming to cultivate relationships with broker-clients in a market crowded with standard MGAs. Edwin Rajadurai, the group's managing director, will lead the initiative, focusing on developing new broker-client relationships in the bespoke healthcare sector. This launch is part of Superian's broader growth strategy, which includes a new SME directors' and officers' insurance facility.
Why It's Important?
The launch of Scious Underwriting represents a strategic move by Superian Insurance Group to expand its footprint in the specialty insurance market. By focusing on healthcare and medical malpractice, the firm aims to differentiate itself in a competitive industry. This initiative could enhance Superian's market coverage and provide better insurance solutions for clients, potentially leading to increased market share and influence in the specialty insurance sector. The backing by Lloyd's further strengthens the credibility and capacity of the new MGA.
What's Next?
Superian Insurance Group plans to continue its expansion strategy by leveraging its new MGA to build stronger relationships with broker-clients. The focus will be on enhancing specialty underwriting and providing high-quality insurance products. The company may also explore additional opportunities to expand its offerings and global presence, supported by its Lloyd's carriers.
